Express Delivery Market Analysis and Forecast to 2031: By Destination (Domestic, International), Business Type (B2B, B2C), End User (BFSI, Automotive, Pharmaceuticals, IT and Telecom, Electronics, Retail and Ecommerce, Others), and Region

Express Delivery Market Analysis and Forecast to 2031: By Destination (Domestic, International), Business Type (B2B, B2C), End User (BFSI, Automotive, Pharmaceuticals, IT and Telecom, Electronics, Retail and Ecommerce, Others), and Region

The global express delivery market was valued at US$ 279.4 billion in 2021 and it is anticipated to grow up to US$ 495.8 billion by 2031, at a CAGR of 5.9% during the forecast period.


Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different mediums, such as air, water, and land. The customer pays an extra shipping cost for this type of delivery, as the shipment will get transported to him anywhere between 24 to 72 hours, depending on the distance of the shipment. In express shipping, the price and rates are also higher when compared with other forms of transportation. Further, express delivery services significantly operate on the business-to-business (B2B) and business-to-customer (B2C) models. These include personal and business items such as letters, documents, merchandise, consumer goods, and other non-palletized goods. Several express delivery service providers offer value-added services such as packaging, labeling, billing, payment collection, return, and exchange.

Market Drivers and Trends

Developing cross-border trade channels, especially in emerging nations, has enhanced international trade and B2C shipment adoption. Also, the growth of cross-border e-commerce coupled with rapid globalization is the key factor for developing international trade in the country. Attributed to factors such as unavailability of products in the domestic market, affordability, and better quality, people prefer to buy things from international websites. Therefore, growth in cross-border e-commerce sales led to an increase in the import volume of international parcels, which fuels the demand for express delivery services in the country. In addition, the development of the overseas market is a significant factor that fuels the market's growth. Hence, express delivery services are gaining significance as the global economy becomes increasingly integrated, owing to rapid growth in international trade services. This factor drives the growth of the global express delivery market.

Market Restraints and Challenges

Infrastructure availability and quality are key components in determining the express delivery environment of a country. It can be observed that in terms of infrastructure, express delivery services suffer from limited capacity and capability. These include significant inefficiencies in transport, poor condition of storage infrastructure, complex tax structure, low rate of technology adoption, and poor skills of delivery professionals. Poor road transportation infrastructure is one of the key issues affecting the express delivery market. Also, metropolis traffic congestion is a major issue in the population concentrated in urban areas for express deliveries in the domestic market. In addition, airfreight transport is very important for express delivery of items, especially for international parcel deliveries that are time bound. Thus, lack of adequate airfreight may delay delivery.


Further, many countries lack postal codes and rely on local landmarks for addresses, so shipping companies often have trouble delivering parcels successfully. Furthermore, factors such as lack of skilled workforce, poor IT infrastructure, and over-reliance on cash-on-delivery (CoD) payment also affect the growth of express delivery services in several countries worldwide. Therefore, a lack of infrastructure is anticipated to hinder the growth of the express delivery market.

Global Express Delivery Market Segmental Overview

The report analyses the global express delivery market based on destination, business type, end user, and region.

Global Express Delivery Market by Destination

Based on destination, it is bifurcated into domestic and international. The domestic segment is expected to have the largest express delivery market share in 2021. Domestic express delivery is a fast and common service best suited to small and medium-sized packages. Send packages easily across the country's borders with delivery to most business locations and postcodes on the next working day. This is a perfect option for time-sensitive and urgent parcels, with complete monitoring available to help consumers keep an eye on where their package is. For instance, DHL International GmbH., offers local express delivery services. Due to multiple benefits, the domestic segment is expected to receive the main market attraction resulting in market growth.

Global Express Delivery Market by Business Type

Based on business type, it is bifurcated into B2B and B2C. The B2B segment is expected to dominate the market during the forecast period. B2B express delivery refers to delivering packages couriers and other important documents or products of businesses to other enterprises. Express delivery is highly adopted by businesses to courier products such as documents on urgent basis to their client companies in order to maintain continuous and smooth daily business processes. Documents include important papers such as legal and financial documents, which surges the demand for instance or same day delivery to the other organization in order to minimize any risk of misplacement, which may cause severe losses to both the companies. Due to the abovementioned factors, the B2B segment are expected to dominate the market during the forecast period.

Global Express Delivery Market by End User

Based on end user, it is segmented into BFSI, automotive, pharmaceuticals, IT and telecom, electronics, retail and ecommerce, and others. The automotive segment is expected to be the largest segment in the express delivery market in 2021. The automotive sector utilizes express delivery services to transport manufactured cars from manufacturing units to various sales points within and outside the country's borders. Various forms of transportation are used for automotive transportation, such as road, rail, overseas, and air. Thus, the automotive segment will likely hold a major market share in 2021.

Geographical Analysis of Global Express Delivery Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. This is attributed to the rise in e-commerce, high population growth, rising disposable incomes & standards of living, high government support for development of logistics infrastructure and growth in international trade. This, in turn, boosts the demand for express delivery in the Asia Pacific region.

Major Players in the Global Express Delivery Market COVID-19 Impact

In 2020, due to the COVID-19 pandemic, the US was the world's worst affected country, thus affecting business across all the industries in the region. Millions of Americans sit at home amid the COVID-19 crisis, thereby reducing the rate of online shopping and their demand for express delivery of purchased items across the region. However, the healthcare industry utilized express delivery companies' services even during the pandemic. But the share of services utilized by other industries stands more than the healthcare sector, which negatively impacting the market growth. However, regional companies are taking necessary steps to reduce the impact of losses incurred during the COVID-19 pandemic.

Recent Developments

• July 2022, DHL Express Germany marked the official start of construction for its new Munich Airport facility with a groundbreaking ceremony. The building, built on parking lots P 80 and P 80 West, will boast a gross floor area of over 11,000 square meters. This will make the facility almost seven times larger than the warehouse DHL Express currently rents at Munich Airport's cargo center. DHL Express will build and operate the new site on land leased from the airport operator Flughafen München GmbH (FMG).
• July 2022, DHL eCommerce Solutions had planned to invest €560m across its UK e-commerce operation, DHL Parcel UK. The investment comes following a 40% volume uplift since the start of 2020 and soaring demand for its e-commerce and B2B services. The expansion project is designed to deliver the right infrastructure to facilitate growth and put the business at the forefront of sustainable digital logistics.
• June 2022, FedEx Corp. hosted an investor meeting where President & Chief Executive Officer and the FedEx leadership team will present a strategic plan to deliver more value for customers, stockholders, and team members. FedEx will also outline its fiscal 2025 financial targets.

Frequently Asked Questions
Q1. How big is the express delivery market?Ans. The global express delivery market size was US$ 279.4 billion in 2021 and is anticipated to reach US$ 495.8 billion in 2031, growing at a rate of 5.9% from 2022 to 2031.
Q2. What is the express delivery market growth rate?Ans. The growth rate of the express delivery market is 5.9% from 2022 to 2031.
Q3. Which Ans. Asia Pacific holds a major market share of the express delivery market in 2021.
Q4. Which segment accounted for the largest express delivery market share?Ans. Based on destination, it is bifurcated into domestic and international. The domestic segment is expected to have the largest express delivery market share in 2021.
Q5. Who are the key players in the express delivery market?Ans. The global express delivery market report includes players such as
Q6. What are the factors driving the express delivery market growth?Ans. The major factor driving the growth of the market is rapid growth in international trade services.
Q7. What are the key growth strategies of express delivery market players?Ans. The key growth strategies of express delivery market players are product launch, partnerships, and government initiatives.
Q8. Which Ans. The Asia Pacific region will provide more business opportunities for the express delivery market during the forecast period.

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